Question
Fuyao Glass is currently operating at 95% of its capacity and has sales of $3 million and fixed assets of $2.6 million. How much should
Fuyao Glass is currently operating at 95% of its capacity and has sales of $3 million and fixed assets of $2.6 million. How much should the firm budget for fixed asset purchases if sales are projected to increase by 20% next year?
A. $256,731
B. $362,025
C. $310,150
D. Fuyao Glass has enough fixed assets.
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
